Still Overpriced!

Reblogger John E. Baldovin
Real Estate Agent with Realty One Group, homes for sale, working with first time buyers

This is a great article, It says it as it is, just the facts.  The longer the home is on the market the less it will be shown and the buyers who would have looked at it and possibly bought it are long gone. and in most cases the seller ends up with less money and the home it was going to replace it with is either gone  or over a period of time has increased in value

 

Are you still noticing that homes on the market are still being overpriced?  We know that many sellers feel that their home is worth more than their competition. Afterall, it's human nature, but unfortunately buyers don't want to pay more and they will know it is over-priced.

A seller may think...why not start with a higher price because a buyer can make a lower offer? This is wrong. They won't make the lower offer because they may not see the house if it's not in their price range. Competition is fierce and they will just move onto the next house down the road that is fairly priced.

An overpriced listing may not have an advantage for the Seller, the Buyer, or the Listing Agent.
  • The seller's house is going to be on the market longer.  
  • The buyer may be missing out on a truly nice house.
  • The listing agent may get a negative effect by the sign being out too long and it may show that they aren't able to sell the house!

It's true there are a fair share of agents who will take a listing at any price.

However, if you are serious about selling your house, price it right. If you are not serious about selling...then don’t bother putting your house on the market. It's just that easy!

Larry and Sheila are Realtors with Charles Rutenberg Realty and can help you choose a home on Long Island to buy or can help you sell your present residence. We can be reached at 631-805-4400.

 

If your home or condo is listed with another broker, this is not a solicitation of the property.
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Larry And Sheila Long Island Realtors 

All content, including text, photographs and images, remains the exclusive property of Suffolk Experts.  Only with written permission of Larry & Sheila may anything be used by others. All information is believed to be accurate but is not guaranteed. Suffolk Experts and Larry & Sheila make no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, delays in information, any losses, injuries, or damages arising from its display or use.   

If you or anyone you know is considering to sell their existing home on The North Shore Of Long Island, or is purchasing their first home, dream home, step-up home, or retirement residence, we would appreciate the opportunity to serve them, and we can also recommend a relocation professional in the destination of choice outside our Long Island area! 

                    

 

  

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John E. Baldovin

New and Resale Homes, FHA, VA, USDA, Community Pro
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